The volume of retail loans issued in Russia at the end of October decreased by 29.2% compared to September and amounted to 0.97 trillion rubles, according to data from the National Bureau of Credit History (NBKI). In annual terms, the figure decreased by 14.5%. The decrease in the volume of loans is due to the high cost of the loans, limitations on the borrowers' debt burden and changes in the terms of the preferred mortgages that came into effect on October 1st.